Dimethylformamide Market Research Report - Forecast Till 2030

Dimethylformamide Market: Information by Application (Solvent, Catalyst and Raw Materials), End-Use Industry (Pharmaceuticals, Chemicals, Paints & Coatings, Textile, Electronics and others) and Region (North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/1864-HCR | February 2023 | Region: Global | 140 Pages         

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Dimethylformamide Market

Dimethylformamide Market is projected to be worth USD 1123 Million by 2028, registering a CAGR of 15% during the forecast period (2022-2030).

Segmentation
By Application Solvent Catalyst Raw Materials
By End-Use Industry Pharmaceuticals Chemicals Paints & Coatings Textile Electronics Others
Key Players
Companies Profiled   Eastman Chemical Company (US)   BASF AG (Germany)   Ak-Kim (Turkey)   Paari Chem Resources (India)   Merck (Germany)   Jiutian Chemical Group (Singapore)   HELM AG (Germany)   The Chemours Company
Drivers
Market Driving Forces   Increasing demand Polymer and Film industry   Technological advancements   Increasing demand from automobiles and surface coatings industry
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Dimethylformamide market Overview:


Dimethylformamide market is expected to grow at a CAGR 15% during the forecast period. Dimethylformamide is usually a colorless solution that could be mixed with water and also with other organic solutions. It is an organic element and is utilized as a common solvent for chemical actions. Dimethylformamide is used in the manufacture of acrylic fibers, synthetic leather, plastics, and several pesticides. The odorless and colorless properties of dimethylformamide raise its demand in different production and chemical industries.  Additionally, it is also commonly used as a major solvent for resins and polymers. Thus, with the increasing growth of the polymer industries over the globe, the need for dimethylformamide is anticipated to increase considerably throughout the forecast period. Furthermore, high purity and quality dimethylformamide have an attribute of selective solvency. Thus, it is also utilized to eliminate butadiene from hydrocarbons operations and gain or remove acetylene in different chemical techniques. In addition, due to the increasing usage of dimethylformamide in a huge range of applications like adhesive and industrial solvents, surface coatings, and others, is anticipated to drive the growth of the dimethylformamide international market. However, dimethylformamide is utilized across a huge range of applications, and they care about its health impact on animals and humans is forecasted to be a major restraining factor that hinders the growth of the international market. It is observed a drastic exposure to dimethylformamide could damage the organs especially the liver of animals and humans. Dimethylformamide is used largely in different sectors including chemicals, pharmaceuticals, electronics, and more. The drug industry used dimethylformamide as crystallization and dissolvable deduce from the compound's powerful dissolvability boundaries. 

Key Players


Some of the key players operating in the dimethylformamide market are Eastman Chemical Company (US), BASF AG (Germany), Ak-Kim (Turkey), Paari Chem Resources (India), Merck (Germany), Jiutian Chemical Group (Singapore), HELM AG (Germany), The Chemours Company (US), Mitsubishi Gas Chemical Company, Inc. (Japan), and Luxi Chemical Group (China) and others.Market Overview


Dimethylformamide is a colorless organic liquid with a formula (CH3)2NC(O)H and CAS number 68-12-2. Dimethylformamide is primarily used as an industrial solvent for various applications such as polymer fibers, films, and surface coatings. Dimethylformamide is synthesis by the reaction of methyl formate and dimethylamine or by the reaction of dimethylamine with carbon monoxide. Dimethylformamide is also used as a catalyst in a various chemical reaction and used in raw material in different chemical reactions owing to its miscibility with water and multiple compounds.


Robust growth of the chemical and pharmaceutical industry across the globe is expected to drive the demand of dimethylformamide for various applications substantially. Owing to the high solubility of organic and inorganic residuals, dimethylformamide is widely used as a cleaner for hot-dip tinned parts in the chemical industry. Moreover, dimethylformamide is also used across the electronics industry, owing to its high solvency. Thus, the strong growth of the electronics industry across the globe, particularly in North America and Asia-Pacific is likely to exert a positive impact on the growth of the global dimethylformamide market during the forecast period. Moreover, with the growing health concern and with the substantial investment in R&D and expansion of the pharmaceutical industry is expected to significantly drive the growth of dimethylformamide market during the forecast period.


Furthermore, it is also widely used as a solvent for polymers and resins. Hence with the robust growth of the polymer industry across the globe, the demand for dimethylformamide is expected to increase significantly during the forecast period. Also, high purity dimethylformamide has a characteristic of selective solvency. Hence it is also used in removing butadiene from hydrocarbons processes and removing or gaining acetylene in various chemical processes. Furthermore, owing to the increasing use of dimethylformamide in a wide range of application such as adhesive and surface coatings, industrial solvents, and others, is expected to propel the growth of the global market.


Though dimethylformamide is used across a wide range of applications, the concern about its potential health impact on human and animals is expected to be a key challenge for the growth of the global market. It has been observed an acute exposure to dimethylformamide can damage the liver in humans and animals.


Global Dimethylformamide Market Share, by Application, 2018 (%)  Dimethylformamide Market


Segmentation Analysis


The global dimethylformamide market has been segmented based on application, end-use industry, and region.


Based on application, the global dimethylformamide market has been categorized as an industrial solvent, catalyst, raw materials.


The global dimethylformamide market, by end-use industry, has been segregated into pharmaceuticals, chemicals, paints & coatings, textile, electronics, and others.


The global dimethylformamide market, by region, has been divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.Recent Development


In the year 2021, Merck introduced Cyrene, a reliable dipolar aprotic solution, manufactured in two process steps from the source of renewable cellulose. It acknowledged the demand for solvents to face stringent regulation requirements for employee safety as well as environmental sustainability. The launch of a new product aims to increase the demand for greener alternatives to DMF and N-Methyl-2-pyrrolidone. In the year 2020, Huntsman International Limited Liability Company reveal their product spray from the polyurethane foam business to raise their investments in the product. And also, the ship named Ferry Stena Germanica was the very first to use methanol as a marine fuel, this is the major trend in the shift regards a trustworthy future and process of decarbonization.

Target Audience



  • Dimethylformamide manufacturers

  • Traders and distributors of dimethylformamide

  • Production process industries

  • Potential investors

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size    2030 : Significant value
  CAGR   15%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, end-use industry, and region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Eastman Chemical Company (US), BASF AG (Germany), Ak-Kim (Turkey), Paari Chem Resources (India), Merck (Germany), Jiutian Chemical Group (Singapore), HELM AG (Germany), The Chemours Company (US), Mitsubishi Gas Chemical Company, Inc. (Japan), and Luxi Chemical Group (China)
  Key Market Opportunities

  • Wide Range Application
  • Substantial investment in R&D and expansion of the pharmaceutical industry
  •   Key Market Drivers

  • Increasing demand Polymer and Film industry
  • Technological advancements
  • increasing demand from automobiles and surface coatings industry


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    Frequently Asked Questions (FAQ) :

    The market would have a 15% CAGR during the forecast period of 2022-2030.

    The Asia Pacific market would take the market ahead at a faster pace than others.

    Automotive and surface coating industries would trigger growth for the dimethylformaldehide market.

    The companies are BASF AG (Germany), Eastman Chemical Company (US), Paari Chem Resources (India), Merck (Germany), HELM AG (Germany), The Chemours Company (US), Mitsubishi Gas Chemical Company, Inc. (Japan), Jiutian Chemical Group (Singapore), Ak-Kim (Turkey), and Luxi Chemical Group (China), and others.

    The market would be backed by the chemical & petrochemical industry.